Table 1Transition record

insurance product managertoasset manager

A insurance product manager already meets 58% of what the asset manager role asks for. The move turns on 7 required skills not yet in the profile.

From insurance product manager

58%

Overlap1

To asset manager

19 Skills carried over

7 Required, not held

46.7 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 46.7

This move: 46.7 of 100 · moderate

1 Share of the asset manager role’s weighted skill requirement already met by the insurance product manager profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 19 skills that carry over, these are the ones fewest other occupations ask for. A asset manager role needs them, and most people applying for one will not have them already. This is the part of a insurance product manager background worth leading with.

Skill the target role also needs Area

already held develop investment portfolio management skills
already held enforce financial policies management skills
already held modern portfolio theory business, administration and law
already held financial analysis business, administration and law
already held review investment portfolios communication, collaboration and creativity
already held analyse financial performance of a company information skills

All 19 carried skills, including the 15 the asset manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 21 missing skills fall into 6 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 business, administration and law 2 required, 3 supplementary

required, not held asset management required
required, not held financial markets required

optional, not held credit control processes optional
optional, not held funding methods optional
optional, not held securities optional

02 information skills 2 required, 3 supplementary

required, not held advise on risk management required
required, not held examine credit ratings required

optional, not held consult credit score optional
optional, not held interpret financial statements optional
optional, not held provide support in financial calculation optional

03 management skills 2 required, 1 supplementary

required, not held perform asset recognition required
required, not held handle financial transactions required

optional, not held exert expenditure control optional

04 natural sciences, mathematics and statistics 1 required

required, not held actuarial science required

05 communication, collaboration and creativity 6 supplementary

optional, not held negotiate on asset value optional
optional, not held review closing procedures optional
optional, not held apply technical communication skills optional
optional, not held handle financial disputes optional
optional, not held identify clients' needs optional
optional, not held negotiate loan agreements optional

06 assisting and caring 1 supplementary

optional, not held apply credit risk policy optional

Table 4

Table 4 · Where to start

The 3 entries a asset manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 19 skills that carry over

Skill Type

already held advise on financial matters skill
already held analyse financial performance of a company skill
already held analyse financial risk skill
already held analyse market financial trends skill
already held corporate social responsibility knowledge
already held develop investment portfolio skill
already held enforce financial policies skill
already held financial analysis knowledge
already held financial statements knowledge
already held follow company standards skill
already held liaise with managers skill
already held manage financial risk skill
already held modern portfolio theory knowledge
already held review investment portfolios skill
already held strive for company growth skill
already held create a financial plan skill
already held financial management knowledge
already held obtain financial information skill
already held plan health and safety procedures skill

14 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held consult credit score optional
optional, not held negotiate on asset value optional
optional, not held review closing procedures optional
optional, not held apply credit risk policy optional
optional, not held apply technical communication skills optional
optional, not held credit control processes optional
optional, not held exert expenditure control optional
optional, not held funding methods optional
optional, not held handle financial disputes optional
optional, not held identify clients' needs optional
optional, not held interpret financial statements optional
optional, not held negotiate loan agreements optional
optional, not held provide support in financial calculation optional
optional, not held securities optional

20 held skills the asset manager role does not ask for

Skill Type

not needed by the target role create cooperation modalities skill
not needed by the target role create insurance policies skill
not needed by the target role deliver a sales pitch skill
not needed by the target role develop financial products skill
not needed by the target role ensure cross-department cooperation skill
not needed by the target role financial products knowledge
not needed by the target role insurance law knowledge
not needed by the target role insurance market knowledge
not needed by the target role manage staff skill
not needed by the target role marketing management knowledge
not needed by the target role perform market research skill
not needed by the target role plan marketing campaigns skill
not needed by the target role principles of insurance knowledge
not needed by the target role promote financial products skill
not needed by the target role recruit employees skill
not needed by the target role sales strategies knowledge
not needed by the target role sell insurance skill
not needed by the target role statistics knowledge
not needed by the target role supervise sales activities skill
not needed by the target role types of insurance knowledge

6 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held actuarial science required
required, not held asset management required
required, not held financial markets required
optional, not held credit control processes optional
optional, not held funding methods optional
optional, not held securities optional

Index

Other moves recorded from insurance product manager

Full index of moves from insurance product manager

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.